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We are actually using this in our company and couldn't be happier. We're using Emacs ledger-mode and git to keep track of everything.

Ledger is also tied into our billing system. A couple of shell scripts and Latex easily beats everything that I have seen in the last 10 years in the market. That is, of course, a subjective statement and is meant to be such.

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It sounds like you are try to build your own home-brew accounting system. That is absolutely insane. How do you ship this off to your accountant during tax season? How do you deal with accrual-based accounting concepts like invoices, accounts recevable, accounts payable, long term and short term debt, assets, etc?

Do you even know what accrual based accounting is and why you want to use it?

Ledger easily handles accounts receivable/payable, though it doesn't actually generate the invoices for you. Personally, I use org-mode for time tracking and invoice generation (invoices aren't even PDFs ATM, though I have had clients that insisted on them), then I add a corresponding transaction in a ledger file when I send the invoice or receive a payment.

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